Here is a list of items needed in order to prepare your sugaring business income tax return:
INCOME | $ |
EXPENSES: | $ |
Custom Hire (Machine Work) | |
Gasoline, fuel, and oil for equipment and off road vehicles | |
Insurance (other than health) | |
Interest paid | |
Labor hired | |
Rent or lease machinery and equipment | |
Rent or lease real estate | |
Repairs and maintenance (not vehicle) | |
Storage and warehousing | |
Supplies | |
Taxes | |
Utilities | |
Set up taps and lines | |
Other expenses (specify): | |
Sugar House (cost to build or buy) | |
Equipment (include date purchased and description) | |
Year Make & Model of Business Vehicle(s) | |
Odometer reading 01/01 | |
Odometer reading 12/31 | |
Total Miles used for Business purposes | |
Interest Paid on Business Vehicle(s) | |
Gas, Vehicle Insurance, Registration, Repairs (not needed if using mileage method) | |
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